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What is Monero


¿What is Monero?

Monero is a trusted private cryptocurrency with zero traceability due to ring signatures, officially launched on April 18, 2014 as a fork of Bytecoin.

This cryptocurrency is structured to be impenetrable and as safe as possible, users are the only ones who decide on their assets and their security, since it is impossible for another user to observe balances and transfers of others.

¿What does it offer?

Monero offers complete privacy when making all transactions because it uses a special cryptography that works to prevent vulnerabilities in your operations.

¿How does it work?

It works based on the cryptoNote protocol, it also works with the proof-of-work algorithm.

It is designed to create a block every two minutes, the union of the nodes is done through the anonymous I2P network.

Likewise, Monero is promoted by the Nebula software, which ensures that transfers are made without the need for traceability.

¿How is it regulated?

Being a decentralized network, there is no financial entity that regulates it.

¿Why do people use Monero?

People use Monero mainly for its security, it claims an unprecedented range of protection, as it is secure and does not allow tracking of your information or transaction.

¿How is Monero different from other Cryptocurrencies?

Unlike other cryptocurrencies, Monero is completely anonymous, guaranteeing the anonymity and protection of users.

This cryptocurrency does not have a block size limit and is highly scalable.

However, when the total of Monero is mined, 0 6 xmr per block will be continuously generated, this to reward the miners.

¿Where can I buy Monero?

One of the ways where you can buy XRM is through Binance as it has a lot of tradable variety in the trade, you can exchange a cryptocurrency, fiat cryptocurrencies or just use a debit or credit card to buy the stablecoin, deposits are also allowed banking.

¿Where to find more information?

For more information such as movements, prices, explorers, contracts and more you can visit the following link:

¿Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?

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